There’s Something Manic About This Market

Fear of missing out is driving the Nasdaq Internet Index and growth stocks to record levels. Cutera helps you put your best face forward.

By

Kopin Tan

Updated May 27, 2017 12:20 a.m. ET

By

Kopin Tan

Updated May 27, 2017 12:20 a.m. ET

The American Psychiatric Association recognizes more than 100 different types of phobias, but the kind gripping the market lately won’t show up on conventional fear gauges. We’re talking about the fear of missing out.

While the Standard & Poor’s 500 index had been essentially flat since March 1, its recent breakout above 2400 has energized those looking to the next peak. Do I hear 2470? How about 2486? Anyone for 2600? Yet the advance hasn’t been even: S&P 500 growth stocks are up 12.9% in 2017 while their value...